USD 637.43 billion
Global Military Software Market Size, Share, Growth Analysis, By Platform(Command and control, Military messaging), By Application(Information processing and Cyber security), By Technology(Learning intelligence, Advanced computing), By Type(Land, Naval) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2218 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
115 |
Figures:
79
Global Military Software Market Insights
Global Military Software Market size was valued at USD 637.43 billion in 2022 and is poised to grow from USD 664.84 billion in 2023 to USD 931.09 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).
The increasing demand for a skilled workforce within the navy, coupled with a growing need for both conventional and unconventional military equipment and software, is poised to propel the market forward. These training solutions offer significant advantages, including the reduction of equipment wear and tear, cost savings, and the flexibility to meet diverse training requirements. The implementation of military simulation and virtual training technologies not only enhances the effectiveness of training programs but also contributes to overall market growth. Governments globally are faced with the challenge of reducing military costs amid constraints on financial resources.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Naval
Growth Rate
4.3% CAGR
Global Military Software Market ($ Bn)
Country Share for North America Region (%)
Global Military Software Market By Component (%)
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Global Military Software Market Segmental Analysis
On the basis of platform type the market is segmented into command and control, military messaging, and electronic warfare. On the basis of technology type the market is segmented into information processing and cyber security. On the basis of application type the market is segmented into information processing and cyber security. The market is segmented based on type: land, naval, and airborne. Software can be segmented into embedded as well as COTS. The global military software market is segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Analysis by Software Type
The commercial off-the-shelf (COTS) category experienced significant growth, attributed to its widespread application across various industries. Particularly in Intelligence, Surveillance, and Reconnaissance (ISR) operations, COTS software plays a crucial role in analyzing the data collected. The adoption of COTS software is fueled by its numerous benefits, including ease of use, low ownership costs, a robust security system, and enhanced accessibility, all contributing to the overall growth of the military software market.
The embedded software category is poised to achieve a high CAGR, emerging as a key contributor to the expansion of the military software market. This growth is expected to be driven by the increasing demand for cloud computing and wireless technologies. Embedded software plays a pivotal role as many crucial technologies integral to the software system are controlled by embedded solutions. As the military landscape evolves and integrates more advanced technologies, the embedded category is anticipated to play a crucial role in meeting the demands of modern military operations, thereby fostering the continued growth of the military software market.
Analysis by Component
The land segment is expected to take the forefront in the military software market during the forecast period, with a focus on installing both mobile and stationary units. This segment's prominence is exemplified by initiatives such as the U.S. Army's proactive preparations to leverage cutting-edge software for streamlined communication within their operations. The anticipation of substantial contributions to market expansion from the military equipment category underscores the pivotal role that advanced software solutions play in enhancing the capabilities of military assets.
The naval segment plays a crucial role in the military software market, leveraging advanced technologies to enhance the capabilities and efficiency of naval operations. The integration of sophisticated software systems within naval forces is essential for tasks ranging from navigation and communication to command and control functions. Naval software solutions contribute significantly to improving situational awareness, mission planning, and decision-making processes on naval vessels. With the increasing complexity of maritime challenges, the adoption of cutting-edge software becomes paramount for maintaining a competitive edge. These technologies aid in coordinating diverse naval assets, managing communication systems, and ensuring the effective functioning of complex naval equipment.
Global Military Software Market By Component, 2022 (%)
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Global Military Software Market Regional Insights
North America is expected to retain its dominant position in the military software market over the forecast period, with the United States leading as the country with the most significant market share. The robust presence of the U.S. in the military software sector is further fueled by the government's substantial investments in developing next-generation communication systems. The U.S. government's commitment to modernizing military capabilities, coupled with a focus on advanced communication technologies, propels the demand for military software solutions. The region's supremacy in the market is underscored by its proactive approach to incorporating cutting-edge technologies to meet the evolving needs of defense and security.
The military software market in the Asia Pacific is poised to exhibit the highest CAGR throughout the forecast period. This growth is primarily attributed to the escalating threat of terrorism in countries such as Pakistan, Bangladesh, and Afghanistan, driving the need for advanced military software solutions. Regional intelligence and military agencies in the Asia Pacific are increasingly deploying Software-Defined Radios (SDR) to bolster communication systems, fostering secure collaboration, facilitating enhanced information sharing, and enabling shared situational analysis. Furthermore, the imperative for more effective communication among law enforcement agencies during emergencies is another significant factor fueling the demand for military software in the region.
Global Military Software Market By Region, 2024-2031
- Largest
- Fastest
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Global Military Software Market Dynamics
Drivers
Cybersecurity Concerns
- As the reliance on information technology and digital networks continues to grow, the importance of robust cybersecurity measures in military operations has become paramount. Military software emerges as a crucial component in addressing this imperative, playing a pivotal role in safeguarding sensitive information and ensuring secure communication channels. The multifaceted nature of modern military operations necessitates the protection of critical data from potential cyber threats and unauthorized access. Military software, equipped with advanced cybersecurity protocols, provides the necessary tools to fortify digital defenses, detect and mitigate cyber threats, and uphold the integrity of communication networks. The integration of sophisticated cybersecurity features within military software underscores the commitment to maintaining the confidentiality, integrity, and availability of sensitive information, thereby reinforcing the overall resilience and effectiveness of military operations in an increasingly digitized and interconnected landscape.
Restraints
Inability of Military Software
- Effective data management is a critical capability for military services, and the inability of military software to fulfill this role could severely constrain the industry. With the steady increase in crime, particularly the surge in cybercrime due to technological advancements, there is an urgent need for significant improvements in cybersecurity within the software industry. Neglecting to address these cybersecurity challenges could potentially impede the expansion of the market in the long term. Another factor that may act as a constraint on market growth is inadequate funding. Insufficient financial support may lead to a decline in the market value of military software, limiting the industry's capacity to innovate and meet the evolving demands of modern military operations.
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Global Military Software Market Competitive Landscape
The competitive environment of the global Military Software market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Aselsan As
- Elbit Systems Ltd.
- General Dynamics Corporation
- Raytheon Technologies Corporation
- Honeywell International, Inc.
- Bae Systems
- IBM Corporation
- Rolta India
- Rohde & Schwarz
- Flir Systems Inc.
- Forescout Technologies, Inc.
- Lockheed Martin Corporation
- L3harris Technologies
- Saab Ab
- Systematic
- Kratos Defense & Security Solutions
- Northrop Grumman Corporation
- At&T Inc.
- Freewave Technologies, Inc.
- Thales Group
- Cobham Plc
- Kongsberg Maritime
Recent Developments
- In October 2022, PLEXSYS Interface Products, Inc. introduced the Simulation Platform Interface (SPI) 1.4 software, offering a mission crew training capability that utilizes simulation to bring real-world operational scenarios to life. This release signifies a significant advancement in simulation technology, enhancing the effectiveness of mission crew training by immersing them in realistic scenarios.
- In the same month, a collaborative effort between Red Hat and Lockheed Martin resulted in the integration of advanced artificial intelligence (AI) innovations into Lockheed Martin military platforms. This partnership aims to apply cutting-edge AI technologies in geographically constrained conditions, ultimately contributing to U.S. security missions. The incorporation of the Red Hat Device Edge into Lockheed Martin's military platforms exemplifies the commitment to standardizing and optimizing AI capabilities, thereby reinforcing the technological sophistication of military operations. These developments underscore the industry's continuous pursuit of innovative solutions to enhance training capabilities and operational efficiency in the defense sector.
Global Military Software Key Market Trends
- The rapid progress in technology, characterized by advancements in artificial intelligence, big data analytics, and cloud computing, has ushered in a new era for military software applications. These cutting-edge technologies offer a spectrum of capabilities that significantly elevate the potential of military operations. Artificial intelligence empowers military systems with intelligent decision-making capabilities, enabling faster responses to dynamic scenarios. Big data analytics plays a pivotal role in processing vast amounts of information, facilitating improved intelligence gathering, analysis, and interpretation. Additionally, cloud computing enhances operational efficiency by providing scalable and secure infrastructure for data storage, computation, and collaboration. The synergistic integration of these technologies marks a transformative phase for military software, empowering armed forces with unprecedented capabilities to address the challenges of modern warfare and enhance overall strategic effectiveness.
Global Military Software Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Military Software marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The utilization of military software systems has fostered heightened levels of integration among control devices, sensors, and communication devices, emerging as a pivotal factor in the military software market. This interconnectedness significantly enhances the overall efficiency and effectiveness of military operations. The incorporation of cutting-edge technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), has played a transformative role in advancing battlefield communication. The seamless integration of these technologies into military software systems enables faster and clearer communication on the battlefield, contributing to enhanced situational awareness and decision-making capabilities. This convergence of advanced technologies within military software systems underscores the industry's commitment to staying at the forefront of innovation to meet the evolving demands of modern warfare.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 637.43 billion |
| Market size value in 2031 | USD 931.09 billion |
| Growth Rate | 4.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Military Software Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Military Software Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Military Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Military Software Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Military Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Military Software Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Military Software Market Report Snapshots
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